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. >>> in our other big story this morning, president barack obama takes the fiscal cliff fight to virginia. he sat down with a falls church family to talk about how ending the bush era tax cuts would affect them. if they expire the end of the month, an average family of four would have to pay about $2200 in extra taxes. the president says he is in favor of extending tax breaks for people making $250,000 a year or less but not for the top 2%. >>> down on the ellipse, there was a special ceremony to light the national crime tree. >> three, two, one! >> an it was quite the turnout for the annual lighting of the tree. the president addressed the crowd and during his speech also spoke about helping the victims of superstorm sandy. m >>> we are also following developing news overseas. up next, egyptian president mohammed morsi tries to quiet protesters but is he will to back down from his power grab. >>> a major ruling in michigan that has some workers upset and could hurt the auto industry. more on that when we return. >>> michigan is now one step closer to becoming a right to work state. y
. >>> in our other big story this morning, president barack obama takes the fiscal cliff fight to virginia. he sat down with a falls church family to talk about how ending the bush era tax cuts would affect them. if they expire the end of the month, an average family of four would have to pay about $2200 in extra taxes. the president says he is in favor of extending tax breaks for people making $250,000 a year or less but not for the top 2%. >>> down on the ellipse, there was...
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the city voted for obama. now obama must bail out mo-town, next. want to try to crack it? yeah, that's the way to do it! n we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medica plan... your effortresult in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, gndma! [ male announcer ] humana. ♪ lou: treasury secretary today said the obama administration is now willing to go over the fiscal cliff. moody's chi
the city voted for obama. now obama must bail out mo-town, next. want to try to crack it? yeah, that's the way to do it! n we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses,...
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i am sorry what was obama trying to do with obama care . why was not not addressed and why is that now on the table. you have to realize it is not a administration that wants to do cuts. >> easy answer to that. if you look at original drafts of what the president was talking about when he started out. he wanted address medicare. >> no. sure he wanted toddress it . we can address that iue f another hour but we are runnin out of the time. did you hear what may be on the table to solve our debt mess? raising the gas tax on everybody. will that make a bigger will that make a bigger financial mess for with the sparkash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great sinesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with
i am sorry what was obama trying to do with obama care . why was not not addressed and why is that now on the table. you have to realize it is not a administration that wants to do cuts. >> easy answer to that. if you look at original drafts of what the president was talking about when he started out. he wanted address medicare. >> no. sure he wanted toddress it . we can address that iue f another hour but we are runnin out of the time. did you hear what may be on the table to solve...
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now michele obama tester new version out. this is all based on settle time. we found this clip of the government scientist behind this, testifying on senate. >> we will plead again orley here for more research on the problem before we make an announcement the american public. >> i would wait until every last shred of evidence is in. john: politicians, as usual, sold us a bill of goods. that is one way to look at it. >> basement we are about to engage in this huge nutritional experiment the american public is the subject and 30 years later we ha gotten sicker and sicker. john: there is much more information about nutrition and not getting fat come and we are fatter. >> we are more diabetic and fatter. the it can all be fixed with good science. john: you have a book called "good calories, bad calories." but i know that acalorie is a calorie. >> the reason we get that is because we take in more energy than we expected. it becomes a unit of heat. protein, fat, the different types of carbohydrates, the glucose from fructose sugar, they all have different effects.
now michele obama tester new version out. this is all based on settle time. we found this clip of the government scientist behind this, testifying on senate. >> we will plead again orley here for more research on the problem before we make an announcement the american public. >> i would wait until every last shred of evidence is in. john: politicians, as usual, sold us a bill of goods. that is one way to look at it. >> basement we are about to engage in this huge nutritional...
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this is interesting stuff neil: is president obama still sitting here? governor romney does visiting here? all because mitt romney was in a serious order taken it seriously? that he was the butt of more jokes. david brennan is on the phone right now. thanks for joining. >> thank you. neil: you have seen the studies. remember, they broke down the juxtaposition of jokes you and it was something like 10 to one, making fun of romney. >> i think first of all you have to know that the comedian's lea left anyway. always. i mean, they are basically -- even though they try to balance that, they are going to make fun of the other guy who is running against a democrat. but in spite of that, it doesn't matter. you know, look at george w. bush. talk about a walking talking joke. the second time that he ran -- were you kidding me? all he had to do was repeat what he said and people were screaming. neil: and he got reelected. >> and he got reelected i will say that that is right. i do think it was overly disproportionate and part of my thinking is that everything that
this is interesting stuff neil: is president obama still sitting here? governor romney does visiting here? all because mitt romney was in a serious order taken it seriously? that he was the butt of more jokes. david brennan is on the phone right now. thanks for joining. >> thank you. neil: you have seen the studies. remember, they broke down the juxtaposition of jokes you and it was something like 10 to one, making fun of romney. >> i think first of all you have to know that the...
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obama wins either way, he wins if negottion go his way or if we go or the fiscal cliff, either way, america loses. not so fast, i think we have choices. that is it for us, thank you, we'll see you tomorrow night goodight from new york. neil: think fat cats are still angry at the president? t chance, what if i told you a lot of sucking up to the talk abo off the wall or ould i say off the wall street, welcome neil cavuto here, and charlie gparino had it right, there is no squirmier, bunch than those on wall street. they were throwing any money they had to make sure that barack obama would be a one term, but now all but core coreon core -- cronning him all some with betwnmperor a king. a growiumr of financial types figuring nowhat the president is in, best both ses sort things by caving in. on everything from higher taxes r t rich, that is fine. higher investment related taxes onveryone, have at it. more stimulus, why not why this folding like a cheap suit now? maybe because the financial suits figure to go along so just getlong. i think at electns have consequences, i did not think th wall s
obama wins either way, he wins if negottion go his way or if we go or the fiscal cliff, either way, america loses. not so fast, i think we have choices. that is it for us, thank you, we'll see you tomorrow night goodight from new york. neil: think fat cats are still angry at the president? t chance, what if i told you a lot of sucking up to the talk abo off the wall or ould i say off the wall street, welcome neil cavuto here, and charlie gparino had it right, there is no squirmier, bunch than...
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happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributors contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers get lower wages and it adds up to the bad situation. john: president bush says it to oklahoma you take care of things it is good for the economy. >> collor you create a housing bubble. those people were the ones that had to walk out onto the plank then we all fall into the shark infested waters 87 tax credits. >> sounds great. but from the tax code in 1913 only 14 pages we have warped into the 702000 page monster. more than 1,000 different forms to download. nobody understands. h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >
happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributors contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers get lower wages and it adds up to the bad situation. john: president bush says it to oklahoma you take care of things it is good...
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obama put on the table two trillion in spending cuts and we'llind another trillion in revenue increases and every economist is unanimous. that the way of increasing revenue is going after the top two percent. >> well, i don't know. wayne, i heard a lot of ideas about sphending coming out. >> julian, you need to run for public office. you are the perfect kind of guy that thinks of million of dollars is a rounding error. that's what congress thinks. you can run and so you can steal from the public like they do. >> it is it wayne let me respond. it is it a rhetorical game you played there. but in reality if you have the biggest largest lottery that the world has known, you will not make a slightest dent in the debt. >> who cares. when you get out of the chair and walk to the door you have to start somewhere. every bit counts. i took three trillion steps that you didn't take to identify how to deal with the debt problem. >> that's not the reason. i can ge you reasons to deal with that. yes, raise taxes and you can cut spinding aomatically. if i were president and i said to everybody. take a
obama put on the table two trillion in spending cuts and we'llind another trillion in revenue increases and every economist is unanimous. that the way of increasing revenue is going after the top two percent. >> well, i don't know. wayne, i heard a lot of ideas about sphending coming out. >> julian, you need to run for public office. you are the perfect kind of guy that thinks of million of dollars is a rounding error. that's what congress thinks. you can run and so you can steal...
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they are becoming enablering of obama -- they are becoming enablers obama is spending us into oblivion. stuart: if john boehner takes any questions, we will go back to it. we're going to concentrate on speaker boehner because he's the principal negotiator. i didn't make much of that and i don't think you did either. >> i was disappointed he didn't make a counteroffer or didn't say here's what we will do, here's what we will never do. stuart: should he be negotiating in front of the cameras? >> the president does it. stuart: what you are saying is do not cave on anything. right? i mean that's your position. >> not anything substantial. obviously you can compromise on things that are not substantial, but new taxes, new borrowing and new spending, that's substantial. stuart: would you be prepared to see republicans take the blame and they will get the blame if we fail to get an agreement and we go into recession? >> well, if they know how to deal with this properly, they so-called fiscal cliff is a piece of legislation, enacted by a republican house, a democratic senate and signed by a de
they are becoming enablering of obama -- they are becoming enablers obama is spending us into oblivion. stuart: if john boehner takes any questions, we will go back to it. we're going to concentrate on speaker boehner because he's the principal negotiator. i didn't make much of that and i don't think you did either. >> i was disappointed he didn't make a counteroffer or didn't say here's what we will do, here's what we will never do. stuart: should he be negotiating in front of the...
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and i said president obama, you are not doing what you're supposed to be doing. he said scott, fema works for me and i can help you with insurance and without your -- with your mortgage, they took down my information and they wrote down my name two days later we heard from the mouth and right after we talked to the guy, they did give his rentals systems the ascends the same day i spoke to the president, $3000 from i believ it was under a lot of pressure. my wife handles that. and they are telling you every two months must be concerned. come look at my house, that's what i told him. i have no sewage and water and i have no heat and electricity. the ones left all this time, you still basically have nothing? it's been more than a month? >> yes, sir. neil: well, you are bringing a voice and face-to-face. as victims are still dealing with hurricane sandy, democrats are rallying it out in a hearing about it. >> global climate change is happening and it is real. climate change, global warming. >> it is a reality and we are vulnerable. >> we have to face the fact that th
and i said president obama, you are not doing what you're supposed to be doing. he said scott, fema works for me and i can help you with insurance and without your -- with your mortgage, they took down my information and they wrote down my name two days later we heard from the mouth and right after we talked to the guy, they did give his rentals systems the ascends the same day i spoke to the president, $3000 from i believ it was under a lot of pressure. my wife handles that. and they are...
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by the way, i'm worried about president obama. he is upset over a tiny, tiny fraction of the population. he is obsessed with the 2%. if the richie jody foster he would be john hinckley. he he has got to back off. i'm worried about him. >> bill: well, he does believe that the system is rigged, mcguirk, and that he has got to make it more fair to those who don't have anything. let's give mcguirk the last word and pray that we are not >> let me say, this bill. for us political junkies, the election was like injecting heroin. this fiscal cliff debate is like drinking non-alcohol beer with elephant urine. it's just -- and that's why nobody knows about it. if we don't care about it, the average snow in the schmo in the street that jesse watters is going to interview he doesn't give a damn about it we have got to stop. put your hands up we lost. >> bill: it's so important. thanks very much. factor tip of the day. another web site where you might get some money. the tip 60 seconds away. this d capital one venture miles to come home for th
by the way, i'm worried about president obama. he is upset over a tiny, tiny fraction of the population. he is obsessed with the 2%. if the richie jody foster he would be john hinckley. he he has got to back off. i'm worried about him. >> bill: well, he does believe that the system is rigged, mcguirk, and that he has got to make it more fair to those who don't have anything. let's give mcguirk the last word and pray that we are not >> let me say, this bill. for us political junkies,...
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by the way, i'm worried about president obama. he is upset over a tiny, tiny fraction of the population. he is obsessed with the 2%. if the richie jody foster he would be john hinckley. he he has got to back off. i'm worried about him. >> bill: well, he does believe that the system is rigged, mcguirk, and that he has got to make it more fair to those who don't have anything. let's give mcguirk the last word and pray that we are not arrested. >> let me say, this bill. for us political junkies, the election was like injecting heroin. this fiscal cliff debate is like drinking non-alcohol beer with elephant urine. it's just -- and that's why nobody knows about it. if we don't care about it, the average snow in the schmo in the street that jesse watters is going to interview he doesn't give a damn about it we have got to stop. put your hands up we lost. >> bill: it's so important. thanks very much. factor tip of the day. another web site where you might get some money. the tip 60 seconds away. this d capital one venture miles to come h
by the way, i'm worried about president obama. he is upset over a tiny, tiny fraction of the population. he is obsessed with the 2%. if the richie jody foster he would be john hinckley. he he has got to back off. i'm worried about him. >> bill: well, he does believe that the system is rigged, mcguirk, and that he has got to make it more fair to those who don't have anything. let's give mcguirk the last word and pray that we are not arrested. >> let me say, this bill. for us...
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by the way, i'm worried about president obama. he is upset over a tiny, tiny fraction of the population. he is obsessed with the 2%. if the richie jody foster he would be john hinckley. he he has got to back off. i'm worried about him. >> bill: well, he does believe that the system is rigged, mcguirk, and that he has got to make it more fair to those who don't have anything. let's give mcguirk the last word and pray that we are not arrested. >> let me say, this bill. for us political junkies, the election was like injecting heroin. this fiscal cliff debate is like drinking non-alcohol beer with elephant urine. it's just -- and that's why nobody knows about it. if we don't care about it, the average snow in the schmo in the street that jesse watters is going to interview he doesn't give a damn about it we have got to stop. put your hands up we lost. >> bill: it's so important. thanks very much. factor tip of the day. another web site where you might get some money. the tip 60 seconds away. this family used capital one venture miles
by the way, i'm worried about president obama. he is upset over a tiny, tiny fraction of the population. he is obsessed with the 2%. if the richie jody foster he would be john hinckley. he he has got to back off. i'm worried about him. >> bill: well, he does believe that the system is rigged, mcguirk, and that he has got to make it more fair to those who don't have anything. let's give mcguirk the last word and pray that we are not arrested. >> let me say, this bill. for us...
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is president obama not serious? surely the leaders would not play games that could result in a ten per -- 10% of the plumber rate, recession, and a massive wall street sell-off. a wall street veteran joins us next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. ♪ lou: the uncertainty over the fiscal cliff, conflicting economic reports giving investors headaches and upset stomachs, at least some of them. to make sense of it all, wall street legend joins us and just moments. first, let's take a look and what caused all of the tanks in the "moneyline" tonight. unexpected weakness, an absence of leaders in washington creating anxiety, some volatility. adelle opening the month with a 60-point loss, s&p dropping, nasdaq eight, trading right on the average from monday, 3 billion shares
is president obama not serious? surely the leaders would not play games that could result in a ten per -- 10% of the plumber rate, recession, and a massive wall street sell-off. a wall street veteran joins us next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz...
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>> we always listen to the obama girls. >> very smart. if the obama girls are happy, the parents are happy and we're all happy. this year it's the navy band and the different branches rotate. >> yes, they do. that's an essential feature . one of the military bands. and this year it is the navy band and they are terrific. wonderful compositions are playing. >> i want to know who gets these front row seats. >> well, first of all, the show is free and the tickets are distributed by a lottery. the 21,000 people are paying nothing to be here. got in through the ticket lottery. this is a show for washingtonians. and for those who didn't get into the lottery, they can watch the show at 4:30 tonight. >> for the people who do have the tickets, there's no specific seating? >> we have sections. so depending where they were. there's sections but that's just to control the flow in here. a lot of people in here quickly and lock the site down for security reasons. >> i know the stars are coming and the band is on stage and the president and the first fa
>> we always listen to the obama girls. >> very smart. if the obama girls are happy, the parents are happy and we're all happy. this year it's the navy band and the different branches rotate. >> yes, they do. that's an essential feature . one of the military bands. and this year it is the navy band and they are terrific. wonderful compositions are playing. >> i want to know who gets these front row seats. >> well, first of all, the show is free and the tickets are...
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-- anti-obama. but i think that there has to be a sort of allowance. i am not putting this just on the tea party. you get these ideological purists who want all or nothing. that is just not the way the country works. so i think you have to find middle ground. charles: i have to tell you something. the sort of campaign that i have seen against the tea party, which by the way grew out of the t.a.r.p. situationn it goes beyond someone being to anti-obama. st this week, tim burton said that he has been to tea party rallies and he has heard the n-word spread around. this is a relentless campaign to put people in their place. it seems to me to be totally unfounded and totally unfair. >> i agree with that. i think people go looking to find something to discredit them. and author of "the new york times" wrote a book about the tea party. "the new york times" is not super conservative, and she found what you said. these are not people who are racist. they are not uneducated people that the media likes of reti
-- anti-obama. but i think that there has to be a sort of allowance. i am not putting this just on the tea party. you get these ideological purists who want all or nothing. that is just not the way the country works. so i think you have to find middle ground. charles: i have to tell you something. the sort of campaign that i have seen against the tea party, which by the way grew out of the t.a.r.p. situationn it goes beyond someone being to anti-obama. st this week, tim burton said that he has...
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i mean, there's a dilutional nature of president obama. he won 50% of the vote and yet, he thinks h won 90% of the vote and that's how he's acting now and i don't care what anybody says, there is no rational reason to raise taxes right now. you don't get enough revenue to deal with the deficit and by the way, we got 2.7% economic growth, which people were jumping up clapping about the markets were, but that's still pretty lousy. >> all of that inventory build. >> that won't happen again u ben stein? >> one reason to raise taxes we have 1 trillion dollar eficit, but i agree with charlie, we've got to cut this noncess out how we need 50 billion of extra stimulus. look, we're running 3illion a day of deficit spending, we don't even know if deficit spending is stimulative. we don't have to prove that that's stimulative. we're running such a huge deficit. unless he's a poker player and this is a bid to throw us off pace, that's not a serious proposal. we're not dealing with this seriously at 1600 pennsylvania avenue and he owes the population a
i mean, there's a dilutional nature of president obama. he won 50% of the vote and yet, he thinks h won 90% of the vote and that's how he's acting now and i don't care what anybody says, there is no rational reason to raise taxes right now. you don't get enough revenue to deal with the deficit and by the way, we got 2.7% economic growth, which people were jumping up clapping about the markets were, but that's still pretty lousy. >> all of that inventory build. >> that won't happen...
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>> what margin did obama won by? stuart: what does that have to do with it? >> who voted for obama? who voted for obama? stuart: 52%. >> pas heads. there is your figure. stuart: next, the last question, where do you think we're going with this? how long will it be before marijuana is illegal at the federal level and all across all the states? i say 30 years away. >> i would say by the end of president obama's term. all he has to do is rescheduled the drug, an executive order like nixon did to create the d e a obama can survive an executive order holding the dea into the tobacco people and is over. stuart: that is very interesting. are used don't right now? >> i am stoned all the time. stuart: do you think -- i won't go there. [talking over each other] don't even speculate. >> i can hear in your voice that you smoke. stuart: i do not. [laughter] >> i can hear that you smoke. i can tell. >> to blow any money -- [talking over each other] >> this is one for the highlight reel. right to the highlight reel. stuart: tommy chong, crazy, thank you very much indeed. out of this. liz: right to
>> what margin did obama won by? stuart: what does that have to do with it? >> who voted for obama? who voted for obama? stuart: 52%. >> pas heads. there is your figure. stuart: next, the last question, where do you think we're going with this? how long will it be before marijuana is illegal at the federal level and all across all the states? i say 30 years away. >> i would say by the end of president obama's term. all he has to do is rescheduled the drug, an executive...
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i don't know. >> president obama has done the slightly more than others. forty of his 59 ambassadorial appointments have been to top donors. that has to get arraigned in. melissa: and may have to stumble on. i know. i was trying to make a joke. more politics. this time the future mayor of new york has been encouraging hillary clinton to run for his office in 2011. the mayor thinks the big gamble with think she is a perfect fit. clinton said she is not interested in the job. first of all, is it a step up? endo mayor of new york is a big deal. >> they do say the standard line is that the second most important difficult job in the country is the mayor f new york city. that may or may not be true. hillary clinton would consider this. step down. >> is too mall a stage for her. she's been on the global stage. >> only one person will convince hillary clinton to go back into the public world. that is her husband, bill clinton. and i am on the side that says i don't even think she wants to do much cells after secretary of state. she has been around for awhile, take
i don't know. >> president obama has done the slightly more than others. forty of his 59 ambassadorial appointments have been to top donors. that has to get arraigned in. melissa: and may have to stumble on. i know. i was trying to make a joke. more politics. this time the future mayor of new york has been encouraging hillary clinton to run for his office in 2011. the mayor thinks the big gamble with think she is a perfect fit. clinton said she is not interested in the job. first of all,...
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this puts the obama administration in a very difficult position. it puts nato in a very difficult position. is there something preemptive that it must do in order to prevent the assad regime from using these weapons? is there any warning or emissary that can be sent to tell them that this is a red line and that it should not be done? >> excellent question about moving preemptively because the red line would mean that basically people would have to die, jennifer, in order for that line to be crossed. so then you ask can something be done to keep that from happening? real quickly al qaeda and other militants sometimes will move in and cede ground when conflicts are happening. >> i think what we have been seeing in syria and because the situation has been festers in syria for such a long time, you have seen various factions taking advantage of the an arcky. certainly there is concerns and some evidence that al qaeda-linked groups have tried to operate within syr
this puts the obama administration in a very difficult position. it puts nato in a very difficult position. is there something preemptive that it must do in order to prevent the assad regime from using these weapons? is there any warning or emissary that can be sent to tell them that this is a red line and that it should not be done? >> excellent question about moving preemptively because the red line would mean that basically people would have to die, jennifer, in order for that line to...
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here is what happens if obama drives us off the cliff. that 82 billion in higher taxes with the top 2 percent, add to that, we don't want to leave anybody of of this deal, $223 billion. now, do you suppose there is a reason that president obama likes to all the talk about those tax hikes, the top 2%? i wonder why. could it b that he wants to draw attention away from the 400 -- let's do that right here, 400 -- $4 billion projected by the congressional budget office, $494 bilon of obamacare taxes that will hit not the 2%, not the 98%, but the middle-class, and they start hitting on january 1st, and it does not matter whether we go over the cliff for not. if you have not heard about those tax hikes, perhaps it is because the mainstream liberal media for some strange reason does not want to talk about the inconvenience impact of obama taxes on our middle-class. >> the bill is passed. lou: the house passes the stem emigration bill. some democrats call it racist and pandering. how is that? and republicans also introduced the achieve act. other
here is what happens if obama drives us off the cliff. that 82 billion in higher taxes with the top 2 percent, add to that, we don't want to leave anybody of of this deal, $223 billion. now, do you suppose there is a reason that president obama likes to all the talk about those tax hikes, the top 2%? i wonder why. could it b that he wants to draw attention away from the 400 -- let's do that right here, 400 -- $4 billion projected by the congressional budget office, $494 bilon of obamacare taxes...
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president obama cast himself as santa claus in a campaign tyle rally. his comfort zone, while blasting republicans and reminding them, he will not forget who stood in his late on tax increases. >> of course santa delivers everywhere. i have been keeping my own money and nice list for washngton. visiting towns like this. >> president obama got his wish rather than negotiating with republicans he was simmering them back on the campaign trail at a factory in pennsylvania that makes angry birds toys. >> it's not acceptable to me, and i don't think it's acceptable to you for and full of republicans in congress told middle-class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> within minutes the speaker fired back that the talks are now on life support. >> there is a stalemate. let's not kid ourselves. >> replan the president for sending treasury secretary to capitol hill with a proposal that led senate replican leader to literally burst out laughing. >> the white house took three weeks to respond with any kind of a
president obama cast himself as santa claus in a campaign tyle rally. his comfort zone, while blasting republicans and reminding them, he will not forget who stood in his late on tax increases. >> of course santa delivers everywhere. i have been keeping my own money and nice list for washngton. visiting towns like this. >> president obama got his wish rather than negotiating with republicans he was simmering them back on the campaign trail at a factory in pennsylvania that makes...
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if ineed we buy into barack obama's plan on raising taxes. remember, that is only going to make washington and the united states live for about eight and a half days. this is what i mean by th republicans are not define the issue. they are allowing the president to define the issue that is out there. geithner is saying that the republicans are willing to talk about revenues going out by closg loopholes. they've been talking about that for a lon time. they have never notlked about that issue. gerri: are we any closer tonight to getting a deal that we were three weeks ago? >> no. and this is a challenge. if you keep compromising toward the ite house you discover the white house becomes a receding horizon. they keep raising the size of the tax increase, the spending cuts become smaller and more unlikely to actually ever happen . and i think eir is a very real challenge here because the problem is overspending. the problem i overspeeding. evy day that the press is allowed of the white house has allowed to focus on taxes is a day that we are not f
if ineed we buy into barack obama's plan on raising taxes. remember, that is only going to make washington and the united states live for about eight and a half days. this is what i mean by th republicans are not define the issue. they are allowing the president to define the issue that is out there. geithner is saying that the republicans are willing to talk about revenues going out by closg loopholes. they've been talking about that for a lon time. they have never notlked about that issue....
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president obama try this and saying there is no deal without tax hikes on the ridg with more on this,republican congresswoman dianne black of tennessee. welcome to the show. great to have you. i have to askyou aout this story that has been reaking this atrnoon. apparently the president will meet with what they're calling progressive tlk-sw hst i think this is a lot of tlent. it will parade through the white house. the president will sit down with them. are u getting the sense here that maybe the president is meeting with a few too many ople? should we stet the job on the fiscal cliff? >> i could not agree more. felt verydiscouraged the presidet this been more time c campaning thathe did of the begiing of his campaign. we need to have serious negotiations. we need our leaders, and the president was elected by the people. he needs to sit down now and the leader along with ourleaer, the speaker, and talk seriously about these plans. gerri: small busess, big business. the governor. who is lef for t predent to talk to? >> well, we also founthat the president was out at various bunesses en
president obama try this and saying there is no deal without tax hikes on the ridg with more on this,republican congresswoman dianne black of tennessee. welcome to the show. great to have you. i have to askyou aout this story that has been reaking this atrnoon. apparently the president will meet with what they're calling progressive tlk-sw hst i think this is a lot of tlent. it will parade through the white house. the president will sit down with them. are u getting the sense here that maybe...
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i think if obama were truly in our rear of fantasy would apply a temporary income tax surcharge to all employees of bailed of companies and banks instead of increasing taxes on innocent bystanders. good idea. finally, the administration wants paper performance in the education system with teachers. how about pay for performance in congress. that is a great way to save $87 million every year. love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, i often in the show with my "2 cents more" on something that has me fired up, even angry. tonight i wanted to highlight something that made me happy. in new york city police officer has become a hero after this photo appeared on facebook. look at that. as of tonight over half a million people of like it. what it is showing his an officer giving, as man and you pair of boots and a cold night in tes square. in arizona woman snapped the fun
i think if obama were truly in our rear of fantasy would apply a temporary income tax surcharge to all employees of bailed of companies and banks instead of increasing taxes on innocent bystanders. good idea. finally, the administration wants paper performance in the education system with teachers. how about pay for performance in congress. that is a great way to save $87 million every year. love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, i often in the show...
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move on, and put some bandaid together and then hopefully, the next group in there, minus obama, starts to cure this four years from now, because nothing's goingo happen in the next four years good. but maybe we get through the fiscal cliff, but then another fiscal cliff comes, that's the whole point of this. >> in fact, and there was a proposal this week to try it get rid of the fiscal cliffs and no longer give congress full power to extend the debt. but i think, i'll tell you what, i'm kind of curious to see the other guys, i think we're going over the fiscal cliff because i think that congress would much rather have us go over the fiscal cliff and then vote to lower taxes and increase spending and they can't bare to raise taxes and reduce spending and that's where we'll end up in three months and have a vote to lower taxes and increase spending. >> jonas what does it do in the short-term, i know you're talking long-term. but short. >> they'recaring everybody about this, like we've got to keep pushing on or the world is going to end and it's not as bad a the politicians are pretending
move on, and put some bandaid together and then hopefully, the next group in there, minus obama, starts to cure this four years from now, because nothing's goingo happen in the next four years good. but maybe we get through the fiscal cliff, but then another fiscal cliff comes, that's the whole point of this. >> in fact, and there was a proposal this week to try it get rid of the fiscal cliffs and no longer give congress full power to extend the debt. but i think, i'll tell you what, i'm...
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there's always talk about the election and the winner of obama but the most important market factor in november wasn't necessarily the win of obama over romney but it assures that ben bernanke will be here for a while. all this talk about the fiscal cliff is peanuts compared to the importance of what is happening in monetary policy. >> that is correct and the fiscal stimulus not so important. ben bernankeemaintaining quantitative easing for prolonged period of time gives investors confidence as opposed to taking the punch bowl away with quantitative easing of the mitt romney as president so when the fed says they will keep interest rates relatively low we are absolutely low and some time in 2013 you have to believe that. liz: the journal says qe 4 is coming. he is coming up in a minute because he got a big scoop yesterday on q e 4. great to have you on the program. the dow 14,000, you are obviously the bull, what would get us there and in what period of time? >> nice to be on with you. i think when we look at the technicals here we are seeing a strong landscape of many individual stock
there's always talk about the election and the winner of obama but the most important market factor in november wasn't necessarily the win of obama over romney but it assures that ben bernanke will be here for a while. all this talk about the fiscal cliff is peanuts compared to the importance of what is happening in monetary policy. >> that is correct and the fiscal stimulus not so important. ben bernankeemaintaining quantitative easing for prolonged period of time gives investors...
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then they had president obama. putin. this one is the personal computer. >> gretchen: is there a woman in there? >> brian: wait a second. good samaritans. >> steve: so the point is, here is sandra fluke who, you know, she wasn't running for president. she wasn't even really one of the top tier folks and yet time magazine considering her for person of the year. bill o'reilly is amazed at time magazine. he does work over in studio a. he is amazed at how the status of time magazine has deevolved to now where they're considering somebody like her, or some other people just barely on the fringe of entertainment are being considered as the person of the year. here is bill o. >> rapper jay-z has been nominated. why on earth would he be the person of the year? ditto, jon stewart and steven colbert. steven is great. but why person of the year? joe biden is on the list. for what reason? what has the vice president done? new jersey governor chris christie is there. okay. you could make a case he handled sandy well. but what else? ou
then they had president obama. putin. this one is the personal computer. >> gretchen: is there a woman in there? >> brian: wait a second. good samaritans. >> steve: so the point is, here is sandra fluke who, you know, she wasn't running for president. she wasn't even really one of the top tier folks and yet time magazine considering her for person of the year. bill o'reilly is amazed at time magazine. he does work over in studio a. he is amazed at how the status of time...
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neil: donald trum obama supporter. neil: maybe not. the donald, just tweeting this. i am happy to hear that president obama is considering giving an ambassadorship, a winner, and really smart. former ambassador to united nations john bolton said that money could payoff for her, this is just weird. on so many levels if she is ambassador. donald trump supporting it. that is not a shocker but just, says and the speaks of time how weird the ambassadorships are doled out. >> major campaign contributors have gotten ambassadorships for years. neil: on both sides. >> obama administration has put more political ambassadors in than prior republican administraons. now is that good or bad? it is good. the political ambassadors have a direct connection with the president, in countries where they are acredited, if they say, this is at the president wants that is believable. and their loyalty is to the president not state department. and they care a lot in my experience about making sure that president's policies are carriee out. and third, and look -- >> would see? >> no anna wint
neil: donald trum obama supporter. neil: maybe not. the donald, just tweeting this. i am happy to hear that president obama is considering giving an ambassadorship, a winner, and really smart. former ambassador to united nations john bolton said that money could payoff for her, this is just weird. on so many levels if she is ambassador. donald trump supporting it. that is not a shocker but just, says and the speaks of time how weird the ambassadorships are doled out. >> major campaign...
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Dec 6, 2012
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obama has won a second term. and mr. adelson says he intends to double his spending on conservative causes with a particular focus on anti-union measures in the states. labor unions played a big part in mr. adelson's conversion to democrat to republican kingmaker. he fought with members picketing outside his hotel in las vegas. he tried to fight them in court, until find the supreme court declined to take his case. in testimony for the nevada state ethics commission, future democratic congresswoman and unsuccessful candidate shelly berkeley said adelson had told her, "old democrats were with the union and he wanted to break the back of the union, subsequently he had to break the back of the democrats." that fight, the war with labor changed sheldon adelson from being just another social liberal on the sidelines of politics to sheldon adelson, contributor on an historic scale to republicans who do not share his social values and this goes to a fundamental truth about the republican party. which is that the republican part
obama has won a second term. and mr. adelson says he intends to double his spending on conservative causes with a particular focus on anti-union measures in the states. labor unions played a big part in mr. adelson's conversion to democrat to republican kingmaker. he fought with members picketing outside his hotel in las vegas. he tried to fight them in court, until find the supreme court declined to take his case. in testimony for the nevada state ethics commission, future democratic...
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is it mentioned that is a haunted the president obama? anyway, the tenth highest unemployment rate in the country. for stub's illnois a death spiral state because for every hundred private-sector workers in illinois there are 103 depending upon those ivate-sector workers new york, aiming at the sixth worst death spiral state because for every 100 private-sector jobs in new york there are 107 who depend on the private sector for their -- well, their sustence. a per capita debt of nearl $6,700. $6,700 just for the state of new york. the six highest in the country. we have people worg about the fiscal cliff which is worth worrying about. some of these states have gotten a massive problems. these three among them. unemployment is new york is over 8%. twenty-fourth highest and 16%, 16 percent live below the poverty line. the 22nd hight telling you how much trouble some of these states are in. all three of the states, by the way, have democratic governors and democratic lead and controlled legislature's. to you suppose that is a coincidence? re
is it mentioned that is a haunted the president obama? anyway, the tenth highest unemployment rate in the country. for stub's illnois a death spiral state because for every hundred private-sector workers in illinois there are 103 depending upon those ivate-sector workers new york, aiming at the sixth worst death spiral state because for every 100 private-sector jobs in new york there are 107 who depend on the private sector for their -- well, their sustence. a per capita debt of nearl $6,700....
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he has the opportunity to turn whatever package gets done into the obama growth plan or the obama deficit reduction plan and own it and embrace it, and he's not doing that. it is very typical of his leadership. >> the president feels that's why he was re-elected, because this is exactly what he's been running on, this program that he's now proposing here. >> as maria pointed out earlier, he was at $800 billion in revenue. we could with get to a deal quickly. >> why are we so focused on taxes and revenue? let's focus on spending cuts. what's your take on where to cut? seth, moments ago you said, you know, you can't put a knife to some of these entitlement programs. so what are we trying to do here? are we trying to get our arms around the debt and deficits? are we trying to create jobs? what's the goal of this whole charade? >> both. i wouldn't call it a charade. in the near-term, we're trying to keep this recovery going. that's why the payroll tax holiday extension is so needed and the small amount of new investments and unemployment insurance in the president's offer. that has to be bala
he has the opportunity to turn whatever package gets done into the obama growth plan or the obama deficit reduction plan and own it and embrace it, and he's not doing that. it is very typical of his leadership. >> the president feels that's why he was re-elected, because this is exactly what he's been running on, this program that he's now proposing here. >> as maria pointed out earlier, he was at $800 billion in revenue. we could with get to a deal quickly. >> why are we so...
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you were there when i met obama and i told president obama you told us you were going to cut the red tape. i told him, the middle class is getting the royal finger. what did he said? fema works for me. they ain't doing nothing still going in a circle, denied, denied. >> sean: heartbreaking. what president obama, mayor bloomberg and governor cuomo run around patting each other on the back, these people are suffering, no one from the federal, state or local government seems to care. president obama showed a lot of concern for the victims before election day. where is the concern from the administration now? we continue with speaker gingrich. some people still don't have power. a lot of people lost their home, everything. so many people have been conditioned mr. speaker to put their faith, their hope, their trust in government. can we learn anything from here? >> you can learn two things. first of all, if the federal government can't do any better than this with sandy what is it going to do with obamacare? how comfortable are you that the same bureaucracy that can't deliver help in stat
you were there when i met obama and i told president obama you told us you were going to cut the red tape. i told him, the middle class is getting the royal finger. what did he said? fema works for me. they ain't doing nothing still going in a circle, denied, denied. >> sean: heartbreaking. what president obama, mayor bloomberg and governor cuomo run around patting each other on the back, these people are suffering, no one from the federal, state or local government seems to care....
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state governors meeting with president obama to express their fears about the fiscal cliff while both sides squabble. we are going to get an expert lesson from a best-selling author on the art of getting deals done. investors are getting ready for friday's crucial employment report. so where are the jobs right now who is hiring? who is creating them in the face of the fiscal cliff? we have got the answers and they may surprise you. >>> and let the debate begin. it's a little fuzzy, roll the tape. there you go a new study says high-speed trading on wall street is hurting the small investor and even puts a price tag on exactly how much the little guy is getting killed. you know they're talking about that one, sue, down at the new york stock exchange. how are you doing, sue? >> great, ty. indeed they are talking about that and we are going to talk bhort exact numbers on that study in just a few minutes. stocks are steady. talks continuing in washington. we are just down about 12 points on the dow jones industrial average, 27 days until america goes over that fiscal cliff. the president j
state governors meeting with president obama to express their fears about the fiscal cliff while both sides squabble. we are going to get an expert lesson from a best-selling author on the art of getting deals done. investors are getting ready for friday's crucial employment report. so where are the jobs right now who is hiring? who is creating them in the face of the fiscal cliff? we have got the answers and they may surprise you. >>> and let the debate begin. it's a little fuzzy,...
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you have not answered the question why obama -- why you are supporting obama's reckless spending. he refuses to cut spending, he refuses to reform entitlements. if he is it, we go back up -- >> sean has been -- let me say, i'm not supporting anybody's reckless spending. i want to make a note for the audience sean hannity has been an honest man. he said he condemned when the prescription drug benefit was pass bid republicans without funding. when we had two wars on the books without funding. so now you build up the terrific debt and you want to blame obama. how crazy is that? >> stop with the blame bush game, juan. >> no, no. >> i'm tired of it. >> the deficit under bush with two wars raging in 2007 was $161 billion. if we hadn't -- if bush hadn't done his prescription drug entitlement then it was much more -- >> juan, juan, we've got to go. >> republicans never said yes to continuous spinning and baling out wall street here. >> coming up -- thank you going. frightening youtube video you have to see to believe. anarchists calling for violence against american institutions and later
you have not answered the question why obama -- why you are supporting obama's reckless spending. he refuses to cut spending, he refuses to reform entitlements. if he is it, we go back up -- >> sean has been -- let me say, i'm not supporting anybody's reckless spending. i want to make a note for the audience sean hannity has been an honest man. he said he condemned when the prescription drug benefit was pass bid republicans without funding. when we had two wars on the books without...
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and the president obama break the law? for legal eagles looked at in the case making its way to the federal court. ♪ you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended viscon®. only gaviscon® forms a protective barrier that helps block stoch acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. well, having a ton of locatis doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break fm the holiy stress. fedex office. gerri: did president obama break the law? a federal appeals court is deciding if the president's appointments to the national labor relations board when the senate was on recess was unlawful. why? well, because senate senate republicans say the senate was in session. the chris was brought on by a bottling company after the nlrb ruled that the company must enter into a collective bargaining agreement with the labor union. the company is arguing the decision
and the president obama break the law? for legal eagles looked at in the case making its way to the federal court. ♪ you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended viscon®. only gaviscon® forms a protective barrier that helps block stoch acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. well, having a ton of locatis doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer....
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>> compared to what obama's talking about, the fiscal cliff might be better because obama not only wants soak the rich tax increases that would automatically happen, he then wants additional taxes on top of that would be very bad for american competitiveness. we don't want to send jobs to china and india but almost as if obama wants to do that. at least if we went over the cliff, we would get the sequester, which is the budget wonk term for automatic reductions in the growth of spending. melissa: absolutely but i'm not sure republicans are giving in as much as you think. if you drill down on the details, as soon as i saw 800 billion in new tax revenue, my immediate question did they give on the point of marginal rates and from the language it doesn't look like. more a tax code basically closes loopholes. they employ all the euphemisms to say you will get rid of deductions. sounds like that is where the 800 billion in new revenue is coming from. they didn't give on marginal rates at all. >> that is good news but only good news in the sense we're not traveling as fast in the wrong directio
>> compared to what obama's talking about, the fiscal cliff might be better because obama not only wants soak the rich tax increases that would automatically happen, he then wants additional taxes on top of that would be very bad for american competitiveness. we don't want to send jobs to china and india but almost as if obama wants to do that. at least if we went over the cliff, we would get the sequester, which is the budget wonk term for automatic reductions in the growth of spending....
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Nov 29, 2012
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and then -- >> you met president obama back in 2008. i know you don't like to get into politics, just say you don't want to answer if you don't want to answer, but what do you think of how he's governed? pastor rick warren answers that question and more. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an organization serving the needs of americans 50 and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go al
and then -- >> you met president obama back in 2008. i know you don't like to get into politics, just say you don't want to answer if you don't want to answer, but what do you think of how he's governed? pastor rick warren answers that question and more. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have....